Classifying a good as excludable means
A)that someone can be barred from consuming the good based on race, creed, or some other irrelevant characteristic.
B)that anyone who does not pay for the good cannot consume it.
C)that consumption of the good causes no externalities.
D)that a producer with patent or copyright protection can exclude any other producer from selling his product.

Question

Quizplus · Accepted Answer

Excludability means that individuals who do not pay for the good or service cannot consume it. This is typically achieved through restrictions or limitations on access to the good or service, such as requiring payment or membership in a specific group or organization. Excludability is relevant to the concept of public goods, which are non-excludable and face challenges in terms of funding and providing adequate access to individuals.

Classifying a Good as Excludable Means